Anti-inflation Act

Anti-inflation Act - Directs the President to: (1) monitor compliance with commitments made pursuant to the Economic Stabilization Act of 1970, as amended; (2) review the programs and activities of Federal departments and agencies and the private sector which may have adverse effects on supply and cause increases in prices and make recommendations for changes in such programs and activities to increase supply and restrain prices; (3) review industrial capacity, demand, and supply in various sectors of the economy, working with the industrial groups concerned and appropriate governmental agencies to encourage price restraint; (4) work with labor and management in the various sectors of the economy having special economic problems as well as with appropriate Government agencies, to improve the structure of collective bargaining and the performance of those sectors in restraining prices; (5) improve wage and price data bases for the various sectors of the economy to improve collective bargaining and encourage price restraint; (6) conduct public hearings when appropriate to provide for public scrutiny of inflationary problems in various sectors of the economy; (7) focus attention on the need to increase productivity in both the public and private sectors of the economy; and (8) monitor the economy as a whole, including such matters as wages, costs, productivity, prices, sales, profits, imports and exports.

States that nothing in this Act authorizes the continuation, imposition, or reimposition of any mandatory economic controls with respect to prices, rents, wages, salaries, corporate dividends, interest rates, or similar transfers.

Sets forth powers of the President with respect to the acquisition of economic information to carry out the purposes of this Act.

Authorizes the President to appoint, without regard to the civil service laws, such advisory committees as he deems appropriate for the purpose of consultation with and advice to the President in the performance of his functions under this Act.

Requires the President to transmit quarterly reports to the Congress describing the actions taken under this Act and giving his assessment of the programs attained in achieving the purposes of this Act.

Authorizes appropriations of such sums as may be necessary to carry out the purposes of this Act.

States that the authority to issue and enforce orders and regulations under this Act expires at midnight December 31, 1975, but such expiration shall not affect any action or pending proceeding, civil or criminal, not finally determined on such date, nor any action or proceeding based upon any act committed prior to January 1, 1976.